For sale is a WWII era JAPANESE GOVERNMENT OCCUPANCY CURRENCY BANK NOTE from the Philippines. During World War II, the Japanese occupied the Philippines, set up a puppet republic and issued invasion currency. This short-lived occupation lasted from 1941 until the defeat of Japan in 1945.
Just ten hours after the surprise attack on Pearl Harbor on December 7, 1941, the Japanese government launched another bombardment on the then US-controlled Philippine islands. To cement their control the Japanese government issued new currency that displayed the words “The Japanese Government,” so it was clear the Philippines population knew who was in charge.
The Japanese government’s issued pesos were non-affectionately named “Mickey Mouse money” by the Filipinos due to their drastically decreased value near the end of World War II. Eventually 1000 peso notes were needed due to hyperinflation. At one point, 75 pesos (the then equivalent of 34 US dollars) could only buy one duck egg.